Wealthquest Corp Buys New Stake in DXC Technology Company. (NYSE:DXC)

Wealthquest Corp bought a new stake in DXC Technology Company. (NYSE:DXC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,849 shares of the company’s stock, valued at approximately $49,000.

Other large investors have also recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new position in DXC Technology in the first quarter valued at $33,000. Meeder Asset Management Inc. purchased a new position in DXC Technology in the fourth quarter valued at $55,000. Smartleaf Asset Management LLC increased its holdings in DXC Technology by 366.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,999 shares of the company’s stock valued at $60,000 after buying an additional 2,356 shares during the last quarter. Quarry LP increased its holdings in DXC Technology by 604.1% in the fourth quarter. Quarry LP now owns 3,978 shares of the company’s stock valued at $79,000 after buying an additional 3,413 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in DXC Technology by 37.4% in the first quarter. GAMMA Investing LLC now owns 4,507 shares of the company’s stock valued at $77,000 after buying an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors own 96.20% of the company’s stock.

DXC Technology Stock Performance

NYSE DXC opened at $15.00 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. DXC Technology Company. has a 52-week low of $13.44 and a 52-week high of $24.83. The business’s 50-day moving average price is $15.37 and its 200 day moving average price is $17.83. The firm has a market cap of $2.72 billion, a P/E ratio of 7.11, a P/E/G ratio of 4.00 and a beta of 1.22.

DXC Technology (NYSE:DXC) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. DXC Technology had a return on equity of 19.36% and a net margin of 3.02%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company posted $0.97 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. On average, equities research analysts expect that DXC Technology Company. will post 3.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DXC shares. Royal Bank Of Canada dropped their target price on DXC Technology from $27.00 to $18.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. Wall Street Zen raised DXC Technology from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Morgan Stanley dropped their price objective on DXC Technology from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, May 15th. BMO Capital Markets dropped their price objective on DXC Technology from $26.00 to $17.00 and set a “market perform” rating on the stock in a report on Thursday, May 15th. Finally, Susquehanna dropped their price objective on DXC Technology from $23.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.00.

About DXC Technology

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions in the United States, the United Kingdom, rest of Europe, Australia, and internationally. It operates in two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS).